Forum Replies Created
We seem to agree a lot Chan
][^]Hey I thought that Bec was already Neil Jenman lol.
Besides Yack has a brain….[]Hi again Truska, just talked to you in the other post!
Did you buy it as tenants in common or joint tenants?
Not that I know the answer to your question[] but just interested.
[]Truska, I totally agree that it’s much worse to buy a lemon than to pay for the occasional building inspection report. I would never dare to buy anything without having it inspected first.
I’m pretty sure now from what your accountant said that we can’t claim these things.
Melbear may be right about it having to be a ‘business’ before you’ll be able to claim it.
May be that’s where the confusion came from.[]Thanks for all your replies, much appreciated [
].Thank you so much everyone for your very helpful replies, so many responses!
The house is about 30 years old, and there seems to be only 1 crack.
Well I agree with most of you that it’s best to organise a building inspector. I was kind of scared of cracks before but some of you think they are an opportunity (better price and scaring other buyers away)rather than a problem.
So hopefully if the crack isn’t structural, it’s not so offputting anymore after reading your replies.
Rubbachook, no this property is not local, unfortunately!
So thanks for all of you advice, fantastic![][^]Thank you Mel, Derek and Bill for your replies. Wow hope you’re right Bill, I think when we get a bit closer to the end of financial year, I might give the ATO a ring to make sure and post their answer here.[
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Glad you’re back Bill, always enjoyed your posts.Enjoyed this story, sis, laughed myself silly, and I am now wondering what bodypart of his you have sticked a pin in hehehe. No please don’t answer this question I don’t want to know!
Maybe you should replace his picture by a voodoo-doll and see what happens[}]Quote:if you need to know how much the loan will cost in monthly payment at interest only…take the loan amount say $120000 x by the interest rate say 6.69 div by 365 x that by 31 =answer $681 per month interest onlyQuote:May be a dumb question, but why do you need to multiply by 31?I thought interest only was just purchase price multiplied by the interest rate, then divided by 12 to get the monthly repayment.
SO have I been working this out wrong?[]
So I would get 120,000×6.69%=$8028/12=$669 per month.[?]I think tenants in common own each a part of a property, this doesn’t have to be equal parts, e.g. one could own 75% and the other 25% or so.
You each have the right to sell your part to someone else if you decide you want out. I think it is fair if you let the other party have the first option to buy your part, but I’m not sure if this is compulsory. If not, you could put it as a clause in the contract. If one party dies, his/her part of the property would go to his/her spouse or to the one who’s mentioned in the will.Not sure what else you want to know.
May be just that it is different from buying as joint tenants (a couple usually buys a property as joint tenants), which is when you own the whole of the property together, and none of the parties is allowed to sell, as you don’t have your ‘own’ percentage of the property- you own the whole 100% together.
If one of the parties dies, then his/her part automatically is transferred to the spouse.Hope others can fill in all my missing bits?[
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